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|    soc.culture.russian    |    More than just vodka and shirtless Putin    |    98,335 messages    |
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|    Message 96,642 of 98,335    |
|    Putin's Rent-A-Joe to All    |
|    Chinese elite have paid some $31 million    |
|    07 Mar 22 01:29:58    |
      XPost: alt.fan.rush-limbaugh, alt.activism.death-penalty, alt.so       iety.liberalism       XPost: alt.politics.democrats, talk.politics.guns       From: remailer@domain.invalid              Indeed, every known deal that the Biden family enjoyed with Beijing       was reached courtesy of individuals with spy ties. And Joe Biden       personally benefited from his family’s foreign deals.              What are these deals? And who are the individuals who made them       happen for the Bidens?              Here, then, are a few key facts about the Biden family’s $5       million-plus deals with individuals in bed with Chinese       intelligence.              In 2018, I was the first to report on Hunter Biden’s involvement       with a Chinese investment fund called Bohai Harvest RST (BHR).       Hunter even introduced his dad to a company executive in December       2013 when father and son flew to Beijing on Air Force Two.              In October 2019, Hunter Biden’s lawyer George Mesires said Hunter       would be resigning from the BHR board, without receiving any return       on his investment or shareholder distributions.              What Team Biden failed to address was the fact that Hunter Biden       still owned a stake in the investment fund, said to be 10%.              When I first reported on Hunter Biden’s China ties in 2018, Team       Biden denied that they existed. Then they absurdly claimed that his       stake in the BHR investment fund was only $420,000.              Steven Kaplan, who conducts research on issues in private equity,       venture capital, entrepreneurial finance, corporate governance and       corporate finance at the University of Chicago Booth School of       Business, said a private equity fund with $2 billion under       management will typically generate fees over its life of hundreds of       millions of dollars.              “It is difficult to imagine, if not incomprehensible, that a 10%       stake in those economics is worth only $420K,” Kaplan said via       email. “The distinction they appear to be making is they capitalized       the management company with $4.2M even if the fund manages $2B. The       value of that management company is likely far in excess of $4.2M if       they are managing $2B.”              Kaplan pointed to two large publicly traded private equity firms for       reference, both of which have a market value of about 10% of the       assets under their management. Using that as a rough guide, that       would put the value of Hunter Biden’s share closer to $20 million,       he said.              Two months ago, Hunter Biden’s lawyer said he sold his equity stake.       They have not disclosed how much he made.              But courtesy of the Hunter Biden emails on his abandoned laptop, we       now know two of the key individuals who made that deal happen. And       at the time, they had close ties to the very top of the Chinese       intelligence apparatus.              A Chinese tycoon named Che Feng, a k a “The Super Chairman,” played       a key role in getting the deal going by introducing Hunter and his       partners to large Chinese state-backed investment funds. Hunter saw       a big payday. As he wrote in one email to business partner Devon       Archer, “I don’t believe in lottery tickets anymore, but I do       believe in the super chairman … I think the sky’s the limit.”              Who exactly is Che Feng?              At one time, he was business partners with the then-vice minister       for state security in China, which is China’s KGB.              This man was reportedly the director of the ministry’s No. 8 Bureau,       which targeted foreigners with its intelligence apparatus —       including reporters, diplomats and businessmen. It was also reported       that he oversaw intelligence operations for North America.              Another key figure in putting this investment deal together was Zhao       Xuejun (a k a Henry Zhao) of Harvest Fund Management. Zhao is a       Communist Party official. (“The mission of our Party is to bring       happiness to people, and to revive the nation for people,” he has       said.)              But more troubling — Zhao was at that time business partners with       Jia Liqing, the daughter of the former minister of state security,       Jia Chunwang.              In short, he was in charge of espionage, domestic and overseas       intelligence work for China. Jia was famous during his tenure for       developing China’s “deep water fish” (Chendi yü) strategy of       developing thousands of special agents on foreign soil.              Zhao was also a key figure for Biden prospects in China. His fund       participated in BHR, where Hunter Biden received a board seat. The       business that he co-founded with Jia Liqing, Harvest Global       Investments, also figures in Deal #2.              Hunter Biden had another company called Burnham Asset Management.       According to court documents filed by disgruntled investors, Harvest       Global wired Burnham $5 million.              The purpose of this payment is unclear, but it may have been       intended as an investment in Hunter’s business.              According to emails obtained from Hunter Biden’s laptop, Zhao may       have sent other money, too.              “Henry remains committed to also making something work with myself       and Hunter outside of this Burnham matter as mentioned before,”       business partner James Bulger wrote. “He has a few interesting       ideas.”                     [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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